Transport

The Cement shall be shipped by vessels capable of carrying 15 to 40 thousand tons of Cement each, with a draft full laden at the port of Novorossiysk not exceeding 11.2 metres and an overall length of not more than 200 metres, and chartered by the Buyer at his risk and expense.

The Cement shall be loaded by the Seller by his means and at his expense according to a Cargo Plan to be established between the Master of the vessel, the Seller’s agent or the manufacturer of the Cement, and the authorities of the port of loading.

The Buyer shall provide for the vessels to be fitted with openings in the hatch covers for the connection of the Seller’s loading equipment. The design of the openings and of hatch covers shall secure a complete tightness of the holds during the loading. Should a vessel not be properly equipped as above, the Seller shall have the right to reject the vessel, the Buyer being fully liable for the consequences.

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The vessel shall be admitted within the port, piloted and moored according to the customs of the port of Novorossiysk. The Seller shall provide the vessel with a safe berth where it can be loaded always afloat, and shall load the vessel at the rate of 4000 m/t per weather working day of 24 consecutive hours.

The laytime shall commence in accordance with the following provisions:

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In case the vessel is not loaded within the laytime calculated as above the Seller shall pay demurrage to the Buyer at the rate of... USD... per.... If the vessel is loaded prior to the expiration of the laytime calculated as above the Buyer shall pay to the Seller despatch at half demurrage rate per day of 24 hours or pro rata for any part of a day all time saved.

Laytime, despatch and demurrage shall be calculated on the basis of a Statement of Facts signed by the Master, the Seller’s representative and the Ship’s Agent at the port of loading. Despatch and demurrage shall be settled directly between the Buyer and the Seller every month.

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